Dow Inc. (DOW) — Stock Correlations & Overview
Over the past year, DOW has moved most closely with LYB, CE, WLK. Explore the stocks most correlated and inversely correlated with DOW below, along with its price, financials, and company profile.
Stocks correlated with DOW
Correlation of daily returns. Higher positive values move with DOW; negative values move opposite it. Informational only, not investment advice.
Most correlated with DOW
| Symbol | Company | Correlation |
|---|---|---|
| LYB | LyondellBasell Industries N.V. Class AINDUSTRIAL ORGANIC CHEMICALS | 0.88 |
| CE | Celanese Corporation Common StockPLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) | 0.72 |
| WLK | Westlake CorporationINDUSTRIAL ORGANIC CHEMICALS | 0.68 |
| OLN | Olin Corp.CHEMICALS & ALLIED PRODUCTS | 0.65 |
| NDIV | Amplify Energy & Natural Resources Covered Call ETF | 0.65 |
Most inversely correlated with DOW
| Symbol | Company | Correlation |
|---|---|---|
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.59 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.57 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.56 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.55 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.55 |
Frequently asked questions about DOW correlations
- Which stocks are most correlated with DOW?
- Based on one year of daily returns, the stocks most correlated with Dow Inc. (DOW) are LYB (0.88), CE (0.72) and WLK (0.68). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DOW?
- Over the past year, the stocks most inversely correlated with Dow Inc. (DOW) are NRGD (-0.59), WTID (-0.57) and DRIP (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DOW correlations calculated?
- We compute the correlation of daily returns between DOW and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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